High Court Allows Appeal in Recovery Suit Based on Promissory Note — Defendant Failed to Discharge Burden of Proof Under Section 118 of Negotiable Instruments Act, 1881. Presumption of Consideration Under Section 118 of Negotiable Instruments Act, 1881 Not Rebutted by Defendant Who Admitted Signature on Promissory Note....
The appellant-plaintiff filed a suit for recovery of Rs.29,250/- with interest at 24% per annum, claiming that the defendant had executed a promissory note in her favor. The trial court dismissed the ...




